Research Nester released a report titled “India Commercial Glass Market Outlook: Industry Insights & Opportunity Assessment 2019-2027” which includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
The Indian commercial glass market is rapidly growing owing to emerging industrial infrastructure, specially construction and automotive sectors. The leading key players of India are entering and expanding their exports in the markets of Europe and America by diversification of product manufactured such as automotive glass and solar panels among others.The India commercial glass market is anticipated to witness significant opportunities and is estimated to grow at a CAGR of around 12 % over the forecast period i.e. 2019-2027. This can be attributed to growing urbanization in the country and increase in disposable incomes of end users. Additionally, enhanced awareness among people for the recyclability of product packaging and growing concerns of regulatory authority for energy conservation are predicted to benefit the demand of glass in commercial glass market in near future.The India commercial glass market is segmented by type and industry.
Geographically, the market in North India is anticipated to hold the major share in the market on the back of concentration of manufacturing units and a substantial demand of glass for the real estate industry. Further, the market in West India is anticipated to witness an incremental growth rate on account of increase in construction activity and high employment opportunities in the regional glass market.
With the significant increase in adoption of commercial glass in construction of buildings owing to its easy installation, quality and low maintenance cost as compared to traditional gypsum constructions, the market is anticipated to rise. Moreover, increase in production capacity of manufacturing units to meet the rising demand of glass and increased focus to produce energy efficient products using solar panels are expected to promote growth capability of the India commercial glass market over the forecast period.
Though, the limitations faced by the manufacturing units with the increase in the input cost of glass on the back of increase in import duty and the changes in government policies to regulate the functioning of automotive and construction sectors are anticipated to hinder the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the India commercial glass market which includes company profiling of key companies such as Piramal Glass Private Limited, Asahi India Glass Limited, Saint-Gobain India (name check),Nippon Sheet Glass Co., Ltd., Goldplus Group (name check), Sejal Glass Ltd, Fuso Glass India Pvt. Ltd, Glass Wall Systems, Hindusthan National Glass & Industries Limited and SCHOTT AG
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “India Commercial Glass Market Outlook 2027”, analyses the overall India commercial glass market industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the India commercial glass market in the near future.
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